Bitcoin Continues In Narrow Range, But Briefly Tops $11,000 Per Coin Mark

Investing, News | February 28, 2018 By:

Bitcoin topped the $11,000 per single coin mark on at least one exchange this morning, then fell back to the mid-$10,000 mark. That continues the pattern established for the last week, as bitcoin see-saws between slight gains and pullbacks within a range.

The rest of the cryptocurrency market was down several points in the top 10 digital currencies, as profit-taking from yesterday’s brief surge and an abundance of caution caused some price drag.

Bitcoin market highlights for the 24 hours ending February 28, 2018 at 1:00 pm U.S. Eastern Time

The highest price seen was $11,185.60 on the HitBTC exchange at 1:36 am today. HitBTC saw $55,709,400 of bitcoin change hands.

The lowest price seen was $10,389.00 on Gemini’s exchange at 12:06 pm today. Gemini’s 24 hour volume was $66,211,100.

The average price on the surveyed exchanges, as weighed by volume, was $10,706.95.

Volatility was a bit lower than average, with the BlockTribune Volatility Index coming in at 43.0. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 9 different exchanges. It includes only BTC/USD trades and only on those exchanges that had at least 1% of the total volume of BTC/USD trades during the measurement period.